Refinance for Recreational Property
- Home
- Transactions
- Refinance for Recreational Property
Loan Priority
1st Mortgage
Loan Amount
$1,230,000
Loan to Value (LTV)
60%
Loan Purpose
The borrower was looking to refinance an existing first mortgage on a recreational property sitting on a 50-acre parcel. The challenge was to restructure the property’s debt while providing the flexibility needed to support operations. We provided a customized financing solution secured by the property, allowing the borrower to refinance the existing debt and improve their overall financial position. The additional flexibility supported ongoing operations and future growth, with a transition to traditional institutional financing planned as part of the exit strategy.
Location
Simcoe, ON
